|Day's Range||26,061.471 - 26,219.000|
|52 Week Range||2,618.610 - 33,484.078|
Tencent Holdings, one of China’s most influential companies, is also one of the most active technology investors, backing some of the world’s biggest initial public offerings. But the technology giant’s ...
Sue Trinh, head of Asia FX strategy at RBC Capital Markets, described the day’s figures as “ugly” and noted that officials had said the impact on China’s economy from Sino-US trade frictions was not obvious yet. “So the worst is yet to come and policymakers will be very worried, particularly with consumption growth falling off a cliff,” she said. Chinese equity indices fell between 1.5 per cent and 2.5 per cent.
Asia-Pacific equities lost momentum on Friday while data from China showed retail sales grew at the slowest pace in more than 15 years. Markets have been buffeted over the week by varying signals on progress over a resolution of US-China trade tension.
A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme. In the United States, the S&P and Nasdaq finished in the red while the Dow closed well off its session highs as cautious trade optimism faded. In Beijing, a commerce ministry spokesman said China and the United States were in close contact over trade, and any U.S. trade delegation would be welcome to visit.
The dollar jumped after the European Central Bank sounded a cautious note on growth. The S&P 500 Index finished the session little changed, with about three decliners in the benchmark for every two that rose. The Dow Jones Industrial Average eked out a gain, led by Procter & Gamble and McDonald’s. The greenback edged higher as U.S. jobless claims came in below estimates.
Santa made a lacklustre attempt to deliver his traditional end of year rally on Thursday, as world stocks squeezed out a third day of gains and the pound and the euro both stayed firm after the latest bout of Brexit drama. UK Prime Minister Theresa May's survival in a late night no-confidence vote has not changed the markets' questions on Brexit but along with tentative signs of truces in the U.S.-China trade war and Italy's budget feud it was enough to keep them jolly. "The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary," the ECB said.
It’s a big day for Europe, with the ECB Press Conference to drive the EUR and Theresa May’s last ditch efforts in Brussels to influence the GBP.
The S&P 500 rose 0.5 percent after an afternoon slump that pared its gain by more than half. All rallies are suspect,” said Michael Antonelli, the managing director at Robert W. Baird & Co. The early gains came as signs emerged that trade tensions would ease, first after the arrested Huawei executive was granted bail and then when President Donald Trump suggested he could use his influence to calm that situation as part of a deal with China.
Global equities took their cue from positive developments on the US-China trade front after Donald Trump delivered some upbeat comments about the prospects for a deal — although once again, Wall Street pared an early advance in late trading. The FTSE MIB index in Milan gained 1.9 per cent.
(Bloomberg) -- The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low.
It’s all eyes on the Pound as talks of a vote of no confidence hit the wires ahead of a make or break emergency EU gathering tomorrow.
The S&P 500 Index started out strong, took a turn down, then recovered from the day’s lows as key Senate leaders signaled a desire to avoid a government shutdown hours after Donald Trump threatened to do so in a spat over funding for his border wall. Carmakers rose as China signaled it may cut tariffs on auto imports, but investors were cautious about a broader deal. U.S. markets have been whipsawed in recent weeks as traders searched Trump’s tweets for clues about the outlook for trade talks, tried to decide if a stock selloff could prompt the Federal Reserve to pare back rate increases and evaluated economic data that signaled a slowdown may be coming.
While news that top Chinese and American trade officials talked over the phone helped the region’s shares almost erase early Tuesday losses, the MSCI Asia Pacific Index soon headed back in the red. There’s been a deluge of bad news in recent days -- from the unsolved case about the arrest of Huawei Technologies Co.’s chief financial officer to the surprise exit of India’s central-bank governor on Monday evening -- and the optimism seen after the 90-day trade truce between the U.S. and China is far gone. Since Dec. 3, Asian stock markets have already lost more than $1 trillion in market value, with the regional gauge trading at a six-week low.
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
The country's ruling Bharatiya Janata Party was also trailing in vote count in three big heartland states in a setback for prime minister Narendra Modi. Disappointing data from major economies including China and Japan have also fanned worries about corporate earnings and factory output, with the Sino-U.S. trade battle clouding the outlook for world growth. "The end game is nigh for Brexit.
Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. Chinese Vice Premier Liu He spoke with U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer on Tuesday, exchanging views on pushing forward the next stage of trade talks, China's Commerce Ministry said.
Major U.S. indexes finished in the green, buoyed by rallies in Facebook Inc. and Microsoft Corp. The pound tumbled as traders took a grim view of the outlook for the U.K. after Theresa May delayed a crucial Brexit vote. Investors found an excuse to buy the dip Monday after the S&P 500 fell to the lowest intraday level since April, continuing a volatile period for U.S. equities.
The sell-off in global equities deepened in Asia hours after Chinese economic data released over the weekend signaled a further weakening of both domestic and international demand in November. Adding insult to injury, tensions have ratcheted up after the arrest of Huawei Technologies Co. Chief Financial Officer, with China’s Vice Foreign Minister having summoned the U.S. Ambassador to China in a protest over her capture on Saturday. Australia was the worst performer in the region with Japan’s, whose economy shrank more than forecast, while China’s stocks dropped with the offshore yuan weakening for a fourth day.
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
Asian shares were mostly higher Friday after gains on Wall Street, but investors continued to watch for news about U.S.-China trade friction.
Stock markets in Asia were little changed in overnight action following a wild day on Wall Street that saw the Dow recover from a sharp slide at the open to end nearly flat. Stocks in Shanghai traded flat, while in Hong Kong the Hang Seng index edged higher. President Trump tweeted Thursday evening quoting a statement from China as saying: "The teams of both sides are now having smooth communications and good cooperation with each other.
Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year.
U.S. stocks were poised to fall sharply Thursday, as global markets shuddered over the arrest of a top Chinese tech executive and a fresh plunge in oil prices. Oil prices pared some of their earlier losses but Brent crude remained 2.3% lower at $59.76 a barrel, and West Texas Intermediate futures fell 2.5% to $51.57 a barrel, after Saudi Arabia’s oil minister said there had not yet been any agreement made over oil output cuts. Bleak sentiment in the U.S. echoed that in Europe, where the Stoxx Europe 600 index slid 2.2% in early afternoon trading.